Items tagged with ethereum

Ethereum has fallen nearly 40 percent over the past month, and is down more than 76 percent from its all-time high. And there's also the delayed shift from a proof-of-work to a proof-of-stake model that will drastically affect the mining game for the world's largest altcoin. But like a mining honey badger, Bitmain... Read more...
If you're thinking about mining Ethereum as a side hustle, you should probably shelve the idea for the time being because, for the most part, it's not currently profitable. There are exceptions (and caveats), but for the average user, it could end up costing more to mine Ethereum in electricity costs alone following a... Read more...
Bitcoin and other cryptocurrencies took another hit after Celsius, one of the leading crypto lending firms, announced it is pausing all withdrawals and transfers "due to extreme market conditions." After the announcement, Bitcoin slid to below $25,000, dipping more than 12 percent on Monday to below $24,000. That's... Read more...
Say it with us—"Le sigh!" That's about the only reaction we can muster to news that Ethereum's much-anticipated shift to a proof-of-work model, and with it a long-overdue ease on GPU mining, is delayed...again. Prior to this latest delay, the full transition to Ethereum 2.0 was supposed to take place this June. Not... Read more...
In one of the largest DeFi hacks ever, a hacker is being offered a $10 million bug bounty for the return of stolen money. Wormhole, one of the biggest bridges between Solana and other blockchains, was hacked for approximately $324 million. Cryptocurrency is one of the hottest assets going right now. So hot that... Read more...
To the casual observer, the world of cryptocurrency may seem like the modern version of the Wild West. It definitely doesn't help the optics when hackers infiltrate one of the leading cryptocurrency exchanges, Crypto.com, and swipe $15 million worth of Ethereum, as a blockchain security and data analytics company... Read more...
Wouldn't it be great if cryptocurrency mining had absolutely zero impact on the shortage of PC graphics cards? The answer will depend on who you pose that question to, and the actual situation is far more nuanced than it suggests. However, if you're of the opinion that mining should solely be performed on ASIC... Read more...
A major update headed to the Ethereum blockchain is supposed to be great news for PC gamers, as it would virtually eliminate the demand for GPUs from Eth miners. And it was supposed to happen in December. Unfortunately, the developers overseeing the full transition to Ethereum 2.0 feel the update is not quite ready... Read more...
Cryptocurrency mining is not going to fall by the wayside anytime soon, not when Bitcoin is setting new highs in value, and Ethereum holding the line at around $4,000. As it applies to the latter, and other forms of cryptocurrency that are still mined with GPUs, NVIDIA's CMP (Crypto Mining Processor) HX series of... Read more...
If you woke up one morning to millions of dollars worth of cryptocurrency in your account, would your first thoughts be about returning the money from whence it came? It's something to ponder, but regardless hundreds if not thousands of users on the Compound Finance platform found themselves in this moral predicament... Read more...
Late last month, we saw the first images of an alleged Navi 21-based RDNA 2 cryptocurrency mining card. Although we couldn't determine what exact GPU was being used, Navi 21-based Radeon RX cards have Ethereum hash rates ranging from 61 MH/s for the Radeon RX 6800 to 65 MH/s for the Radeon RX 6900 XT. Now, another... Read more...
Late last year, when we first heard about the NVIDIA GeForce RTX 3080 Ti, it was rumored that the card would debut with 20GB of GDDR6X memory. However, at launch, the card instead featured 12GB of GDDR6X compared to 10GB for the standard GeForce RTX 3080. Apparently, there was some truth to those early rumors, as... Read more...
There is a lot of blame to go around for the current dearth of graphics cards available in the retail channel. Despite companies like NVIDIA and AMD pumping out record numbers of GPUs, incredible demand still results in shortages that NVIDIA CEO Jensen Huang says will continue through 2022. There's also a lot of... Read more...
It seems unreal that GPU inventories are still short for enthusiasts nearly a year after the release of the GeForce RTX 30 and Radeon RX 6000. Some gamers have been lucky enough to purchase new graphics cards at MSRP via promotions like the Newegg Shuffle or Best Buy's in-store GeForce events. Still, others have caved... Read more...
NVIDIA addressed the Ethereum market earlier this year with the launch of Crypto Mining Processor (CMP) HX Series cards. The company also locked down its latest mainline GeForce RTX 30 cards with a Light Hash Rate (LHR) mining limiter. Now, it’s alleged that AMD is looking to get in on the dedicated Ethereum mining... Read more...
Some kids do extra household chores, open up lemonade or baked goods stands, or recycle bottles to earn a bit of cash. Others get involved in cryptocurrency mining. Two siblings in Frisco, Texas have started their own cryptocurrency mining company and are making more than $30,000 a month. Fourteen year old Ishaan... Read more...
One of AMD's add-in board partners, Sapphire, appears to have released a graphics card for cryptocurrency mining that is equipped with not one, but two Radeon RX 570 GPUs, if a new leak is not pulling our collective legs. Sapphire has made no such announcement, mind you, possibly because it wants to keep the release... Read more...
Yesterday, criminal hackers stole approximately $600 million in varying cryptocurrencies from the PolyNetwork, a blockchain interoperability company. Now, in an interesting turn of events, the hackers have begun returning the stolen funds in what was to be one of the biggest cryptocurrency thefts ever. As it stands... Read more...
Is AMD's newly minted Radeon RX 6600 XT the most efficient cryptocurrency mining graphics card ever produced? It is probably too early to tell (considering the card only released to retail today), but according to a set of cryptocurrency mining hash rates and energy consumption figures posted to Reddit, it is the... Read more...
As the user base for cryptocurrency grows, so too do politicians and regulators looking to stymie the situation due to taxation and illicit activity concerns. Now, President Biden has backed a plan to tax proof-of-stake cryptocurrencies such as Ethereum via an amendment to a major bill advancing in the U.S... Read more...
It appears that illegal electricity theft and cryptocurrency mining go hand in hand, as the Ukrainian Security Service (SBU) reported that it has shut down a massive crypto-farm stealing electricity. Comprised of thousands of consoles and hundreds of graphics cards, the farm was seized from an old warehouse... Read more...
In early May, MSI delivered its first Ethereum mining card from NVIDIA’s Cryptocurrency Mining Processor (CMP HX) GPU family. The headless card was called the CMP 30HX Miner XS and is based on the GeForce GTX 1660 Super GPU. This time around, however, MSI is moving up the performance ladder in the CMP family with the... Read more...
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